A hacker reportedly stole $27 million in cryptocurrency from a Binance-connected wallet. The stolen tether funds were converted to ether before being transferred to other exchanges and bridges to bitcoin through the THORChain bridge, CoinDesk reported Monday (Nov. 13). The victim’s wallet had received ether...
In today’s modern commerce landscape, convenience-driven shoppers increasingly desire a frictionless checkout experience and are embracing the ability to use stored credentials for seamless payments. In “Payments And Credentials Vaults: Gauging Consumer Interest,” PYMNTS Intelligence drew on a survey of more than 2,000 consumers to...
The holidays are upon us, and gift cards remain a favorite to give and receive. And the fraudsters lie in wait — armed with advanced technologies and sophisticated schemes. Doriel Abrahams, head of risk at Forter, told PYMNTS in an interview that gift cards have...
Ace Hardware is reportedly recovering from a cyberattack that has left it unable to accept online orders. The news was first reported Sunday (Oct. 29) and has continued into Friday (Nov. 3), Engadget reported Friday. As of Friday morning, the home page of the home...
A 40-nation alliance reportedly plans to pledge to not to pay ransoms to cybercriminals. The U.S.-led International Counter Ransomware Initiative is making this promise amid a growing number of ransomware attacks, Reuters reported Tuesday (Oct. 31), following a White House press briefing. Anne Neuberger, deputy national security adviser in...
Great Britain’s smaller banks are apparently among the largest targets for payment fraud. That’s according to a report issued Tuesday (Oct. 31) by the U.K.’s Payment Systems Regulator (PSR) examining the extent of authorized push payments fraud (APP). “This is the first time we can...
The 21st century’s digital landscape is full of enterprise catch-22s and trade-offs. But one of the biggest may be threading the needle between delivering a seamless digital customer experience without sacrificing security or compromising revenue. That’s why PYMNTS sat down with Forter Chief Information Security...
For every trusted resource, there is a bad actor trying to take advantage of it. And that is the catch-22 of call centers. The pivotal role they play across various industries also makes them an attractive target for fraudsters seeking to exploit and capture sensitive...
Jeff Hallenbeck, head of financial partnerships at Forter, told PYMNTS that as 2024 dawns, artificial intelligence (AI) will be a technological tool increasingly leveraged by fraudsters — and a tool necessary to beat them too. “In the payments security space, just as in the consumer...
